Alwaleed richest Arab with $31bn fortune

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Prince Alwaleed bin Talal

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), was ranked number one in the Arabic and English issue of Arabian Business Magazine’s World’s Richest Arabs list, 2013 with a personal fortune of $31.2 billion. The English version published the following: “Whatever the Prince touches generally turns into gold, and 2013 was no exception…..”

Moreover, Prince Alwaleed was ranked 21 in The Sunday Times’ The 100 Richest in the World List with a personal fortune of 18.5 billion pounds (approximately $31.17 billion) as of May 2014.

Prince Alwaleed is known for his precision for exploring new and potential business opportunities and ventures in synchronization with the direction and fluctuations of the economic climate.